Ivanhoe Electric Inc. (NYSEAMERICAN:IE – Get Free Report) insider Mark Andrew Stuart Gibson sold 25,000 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $12.16, for a total value of $304,000.00. Following the completion of the transaction, the insider now owns 260,272 shares in the company, valued at $3,164,907.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Mark Andrew Stuart Gibson also recently made the following trade(s):
- On Thursday, May 16th, Mark Andrew Stuart Gibson sold 28,344 shares of Ivanhoe Electric stock. The stock was sold at an average price of $12.45, for a total transaction of $352,882.80.
Ivanhoe Electric Stock Performance
IE stock opened at $11.25 on Friday. The company has a quick ratio of 4.76, a current ratio of 4.89 and a debt-to-equity ratio of 0.19. Ivanhoe Electric Inc. has a twelve month low of $7.29 and a twelve month high of $16.75.
Wall Street Analysts Forecast Growth
Separately, Scotiabank reduced their price objective on shares of Ivanhoe Electric from $15.50 to $14.50 and set a “sector outperform” rating for the company in a report on Tuesday, April 9th.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the company. FMR LLC grew its position in Ivanhoe Electric by 27.4% in the 3rd quarter. FMR LLC now owns 10,144,638 shares of the company’s stock worth $120,721,000 after purchasing an additional 2,181,192 shares in the last quarter. Pentwater Capital Management LP boosted its stake in shares of Ivanhoe Electric by 500.6% in the 3rd quarter. Pentwater Capital Management LP now owns 1,751,666 shares of the company’s stock worth $20,845,000 after buying an additional 1,460,000 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new position in shares of Ivanhoe Electric in the third quarter valued at approximately $8,925,000. Primecap Management Co. CA purchased a new stake in shares of Ivanhoe Electric during the third quarter valued at approximately $4,888,000. Finally, Mak Capital One LLC raised its stake in shares of Ivanhoe Electric by 30.2% during the 4th quarter. Mak Capital One LLC now owns 1,289,103 shares of the company’s stock worth $12,994,000 after purchasing an additional 299,018 shares during the period. 79.05% of the stock is owned by institutional investors.
About Ivanhoe Electric
Ivanhoe Electric Inc explores and develops metals and mineral. The company provides Typhoon data acquisition system, a geophysical system that offers primary signal. It also explores copper and gold. The company was incorporated in 2020 and is headquartered in Tempe, Arizona.
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